Dakota Company experienced the following events during Year 2. Acquired $20,000 cash from the issue of common stock. Paid $15,000 cash to purchase land. Borrowed $5,000 cash. Provided services for $40,000 cash. Paid $1,000 cash for utilities expense. Paid $30,000 cash for other operating expenses. Paid a $2,000 cash dividend to the stockholders. Determined that the market value of the land purchased in Event 2 is now $17,500. Required a. The January 1, Year 2, general ledger account balances are shown in the following accounting equation. Record the eight events in the appropriate general ledger accounts. Record the amounts of revenue, expense, and dividends in the Retained Earnings column. Provide the appropriate titles for these accounts in the last column of the table. The first event is shown as an example. b-1. Prepare an income statement for the Year 2 accounting period. b-2. Prepare a statement of changes in equity for the Year 2 accounting period. b-3. Prepare a year-end balance sheet for the Year 2 accounting period. b-4. Prepare a statement of cash flows for the Year 2 accounting period. c-1. Determine the percentage of assets that were provided by retained earnings. c-2. Can you determine the cash in retained earnings

Answers

Answer 1

Answer:

a

Explanation:

is wrong i got it wrong on edg


Related Questions

Amar owes $2,000 on his credit card with a minimum percentage of 4% or a minimum payment of $60, whichever is higher. How much is the minimum payment due

Answers

Based on the information given the minimum balance that is due is $80.

Minimum balance

Using this formula

Minimum balance=Credit card amount ×Minimum percentage

Where:

Credit card amount=$2,000

Minimum percentage=4%

Let plug in the formula

Minimum balance=$2,000×4%

Minimum balance=$80

Inconclusion the minimum balance that is due is $80.

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Which three statements help define a Market/Fit Hypothesis? (Choose three)

Answers

Explanation:

Are there enough customers? Will they pay for your solution? Who is the customer? What are their needs and wants?

Are enough people purchasing? Will your solution be paid for by them? Who are the clients? What are the people's wants and needs? defines a market/fit hypothesis.

What is Market/Fit Hypothesis?

Finding a strong value hypothesis is what product/market fit is. When you create a product that consumers want, you have achieved product/market fit. When you have the ideal answer to a problem that is worthwhile tackling, you have achieved product/market fit.

When customers evangelize about your product to others, you have achieved product/market fit.

The value hypothesis and the growth hypothesis are important to product-market fit. After you have determined how well your product and solution fit, you should examine product-market fit.

You can evaluate your idea's potential for growth in the present or future markets by using market fit. Identifying your consumer and the issue they are experiencing is key to finding a problem-solution fit. You can only create a solution that resolves an issue after identifying a customer and that problem.

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Kelly agrees to provide a two hour goat yoga class for Tara and Gabby for $20.00 each. An hour and 50 minutes into the lesson, Kelly misreads the clock and dismisses Tara and Gabby from the lesson. Can Tara and Gabby sue for breach of contract?

Answers

Tara and Gabby would not be able to sue Kelly for breach of contract if the court determines that 10 minutes less is not a material breach and Kelly acted in good faith.

Why would Tara and Gabby not be able to sue?

Kelly did not break the contract on purpose and instead acted in good faith based on what they perceived the time to be.

The 10 minutes that was denied Tara and Gabby were also not very significant and so might not warrant a material breach. If the court finds these two things to be the case then there is no breach of contract.

In conclusion, option A is correct.

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Green Planet Corporation has 6,000 shares of noncumulative 11% preferred stock with a $2 par value and 21,900 shares of common stock with a $0.01 par value. During its first two years of operation, Green Planet declared and paid the following total cash dividends. Year 1 total cash dividends $ 640 Year 2 total cash dividends 2,190 Compute the dividends paid each year to each of the two classes of stockholders assuming that the preferred stock is cumulative.

Year 1 total cash dividends $640
Year 2 total cash dividends $2,190

Answers

Preferred dividends = preferred shares x Par value of 1 preferred stock x Preferred dividend rate

Preferred dividend = 6000 shares x 11% x $2 = $1320

Total dividend paid in year 1= $640

Preferred stockholders will receive a cash dividend of $640 in the first year. Because preferred stocks are not cumulative, there will be no preferred stock divided in arrears in year 1.

Arrear of dividends = $1320 - $640 = $680

Total dividend in year 2 = $2190

Dividend paid on common stock in year 2 = dividend paid in year 2 - Annual preferred dividends

=> 2190 - 1320 = $870

Which of the following would NOT affect your FICO score?
A) Receiving an allowance from your parents B) Making a late payment on a credit card
C) Applying for a loan at a bank
D) Defaulting on a loan

Answers

D) Which is Defaulting on a loan!

free easy points


What are two of the most popular games of their genre like for example ( battle royale, Gacha, puzzle you catch my drift)? Also, list their sales il do one for you Gacha do the rest pls :)

Answers

Answer:

Open world, or RPG

Explanation:

Whats your favorite?

The management team at Pass the Ketchup Brands has decided not to license its product because of concerns that this will create opportunities for another company to have access to their secret recipe. For this reason, the company decides that FDI is their best course of action. Which economic theory does their choice represent?

Answers

The economic theory the choice of management team at Pass the Ketchup Brands represent is known as internalization theory.

What is internalization theory?

Internalization theory is an economic theory that tends to protect companies' sole rights to their products. The theory gives protection to local industries who aim at having larger market share.

This is because when other companies know the secret or having access to their product make up, such might reduce their market share of that product.

Hence, the economic theory the choice of management team at Pass the Ketchup Brands represent is known as internalization theory.

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How did the cost of the basket of goods Daniel bought from the farmer's market change from the first week to the second week

Answers

The cost of the basket Daniel bought at the farmers market increased.

How to know if the cost of the basket increased or decreased?

To find out if the cost of the basket that Daniel bought at the farmers market increased or decreased, we must compare the price of the previous week and the price of the current week.

Based on the above, we can infer that the price increased because the previous week the price was $12 and in the current week it is $15.

Note: This question is incomplete because there is some information missing. Here is the complete information:

Basket price last week: $12Basket price this week: $15

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The cost of the basket of goods that Daniel bought from the farmer's market changed from the first week to the second week due to increased demand and reduced supply.

What are demand and supply?

Demand and supply refer to the market forces that interact to determine the production and prices of goods and services in an economy.

Without the interaction of demand and supply, the number of units to be produced will be difficult to determine.  Moreover, the determination of prices in a free market economy will be based on governmental regulations.

Thus, the cost of the basket of goods that Daniel bought from the farmer's market changed from the first week to the second week due to increased demand and reduced supply.

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The primary reason that governments develop workplace health and safety
regulations is to:
O protect employees from injury and illness.
O reduce the risk of employment discrimination.
O ensure that employees have access to insurance.
O prevent the breach of business information systems.

Answers

Answer:

o protect employees from illness and disease.

Explanation:

Suppose the manager of an ice cream store is trying to forecast the pounds of ice cream that they will sell based on what they have sold in past. A time-series trend equation is 25.3 2.1x. What is your forecast for period 7

Answers

Based on the information give your forecast for period 7 is 40.

Forecast for period 7

Given:

Time-series trend equation=25.3+2.1x

Period=7

Let x present period 7

Hence:

Forecast for period 7 =25.3 +2.1(7)

Forecast for period 7 =25.3 +14.7

Forecast for period 7 =40

Inconclusion your forecast for period 7 is 40.

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Bubba Golf, a manufacturer of golf clubs, can sell 3 drivers at $500 each. To sell 4
drivers, Bubba Golf must lower the price to $460 each. The marginal revenue of the
fourth club is
O $20.
O $60.
O $420.
O $520.

Answers

Based on the revenue of the other clubs and the new price, the marginal revenue for the 4th club is $420.

What is the marginal revenue for the fourth club?

Marginal revenue refers to the amount that a company makes when it sells an extra unit of a good or service.

The extra unit sold here will be the 4th club but because the selling price dropped, the marginal revenue will be lower than the selling price. The closest option to this is $420.

In conclusion, option C is correct.

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Failure to address the three questions of economics will have what kind of impact on an economy?
O It will have no consequences.
It will help meet citizens' needs and wants.
O It will have negative consequences.
It will help contribute to the success of the society.

Answers

Answer:

It will have negative consequences

Explanation:

An economy must be able to follow their peoples demands and not be careless

Failure to address the three questions of economics will have an impact on an economy as Negative consequences. Thus the correct option is C.

What is the economy?

The economy of any country is determined by the ratio of production and consumption that takes place within a year and evaluates the flow of funds in the market by analyzing the purchasing parity of an individual.

What will manufacture, how will it be manufactured, and how will the output society creates be divided are the three economic questions that need to be addressed.

If these questions are not answered then the economy face negative consequence as unable to meet the demands of customers based on wants and needs.

If these questions are addressed then it will be easy to manage the resources and avoid scarcity in the market.

Therefore, option C is appropriate.

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5) Explain the difference between value analysis and value engineering.

Answers

Answer:

As cost avoidance or cost reduction before manufacturing, value engineering is strongly related to target costing. Value analysis is the process of avoiding or reducing the cost of a product that is already in production.

Janie started a business called Making Memories with Music. She recognized that music, socialization, and memory-challenging activities for senior citizens helped maintain their cognitive skills for longer periods of time. Though she strives for a financial gain, she uses the excess funds for enriching her programs instead of a personal profit. Making Memories with Music is best classified as a(n) ______ organization.

Answers

Janie's business "Making Memories with Music" can best be classified as a non-profit organization as it is focused on providing a social benefit rather than profitability for the owners.

Characteristics of a non-profit organization

Its main objective is to generate social and collective benefits for the public in a locality, and the financial income is used for reinvestment in the business and not for distribution to the owners.

Therefore, non-profit organizations have the advantage of being exempt from federal income taxes and contributing to social development in several areas.

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In 2011, the start of the National Basketball Association's season was delayed when the team owners and the
National Basketball players' Association, a union of players, could not agree to a contract. Why would NBA
players, who make huge salaries that average in the millions of dollars, want to belong to a labor union?
A. Because very few people know how to play basketball
B. To be able to bargain more effectively with team owners
C. To show their solidarity (togetherness) with other American workers
D. To get together socially during the off-season

Answers

B. To be able to bargain more effectively with team owners

The NBA players, who make huge salaries that average in the millions of  dollars, want to belong to a labor union and not agreed to a contract . So that to be able to bargain more effectively with team owners. Thus option (B) is correct.

What is a Contract?

A contract can be written or verbal agreement between two or more parties that includes terms and conditions, which creates a legal obligation on the parties of the contract.

The terms of a contract are enforceable by law, which properly defines penalties and remedies if there is breach of contract. A breach of contract is a failure, without legal excuse, to perform any parts of the contract.

So to bargain more effectively with team owners the NBA did not make a contract with the team owners because a contract is legally binding on the parties who makes contract with each other. Therefore option (B) is correct.

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Incorrect answer icon Your answer is incorrect. The total estimated manufacturing overhead of $264,000 was comprised of $168,000 for materials handling costs and $96,000 for purchasing activity costs. Under activity-based costing (ABC): (Round answers to 2 decimal places, e.g. 12.25.) What amount of materials handling costs are assigned to: (a) One mobile safe $enter a dollar amount per unit 336.00 each (b) One walk-in safe $enter a dollar amount per unit 120.00 each

Answers

Under activity-based costing (ABC), the amounts of materials handling costs assigned to the following units are:

(a) One mobile safe $210 per unit .

(b) One walk-in safe $168 per unit.

What is activity-based costing?

Activity-based costing is the costing method that assigns overhead and indirect costs to products and services based on consumption of activities.

Data and Calculations:

Materials handling costs = $168,000

Purchasing activity costs = $96,000

Total estimated manufacturing overhead = $264,000 ($168,000 + $96,000)

The following figures are assumed:

Activities:

Materials handling cost $168,000

Total hours of materials handling = 40,000 hours

Activity rate = $4.20 ($168,000/40,000) per hour

Purchasing activity cost = $96,000

Number of units purchased = 30,000

Activity rate = $3.20 ($96,000/30,000)

Consumption of activities:

                                    Material Handling hours     Number of Units used

Mobile safe per unit              50 hours                      3 units

Walk-in safe per unit            40 hours                       2 units

Overhead assigned:

                                    Material Handling

Mobile safe per unit    50 hours x $4.20 = $210

Walk-in safe per unit   40 hours x $4.20 = $168

Thus, under activity-based costing (ABC), the amounts of materials handling costs assigned to the following units are as indicated above.

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which of these is a recent technology that a business information manager might evaluate and recommend to their boss

A. AI
B. Phishing
C. Ransomware
D. Talk boxes

Answers

i think it’s A. AI not sure tho

There is a recent technology that a business information manager might evaluate and recommend to their boss is Artificial Intelligence. Option A is correct.

What is artificial intelligence?

The replication of human intelligence functions by machines, particularly computer systems, is known as artificial intelligence. Expert systems, natural language processing, speech recognition, and machine vision are some examples of specific AI applications.

Further Artificial intelligence is founded on the idea that human intelligence can be described in a way that makes it simple for a computer to duplicate it and carry out activities of any complexity.

Artificial intelligence's objectives include imitating human cognitive function.

In almost every sector, artificial intelligence is influencing how people will live in the future.

Thus, It already serves as the primary force behind developing technologies like big data, robotics, and the Internet.

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which of the following is true about goods and services

Answers

there is no following?

For next year, By-Way has projected sales of $435,000, costs of $254,000, depreciation of $35,000, interest expense of $22,000, and taxes of $28,500. What is the amount of the projected operating cash flow

Answers

The amount of the projected operating cash flow is $152,500

What is operating  cash flow?

Operating Cash Flow (OCF) is what measure the amount of cash generated by a company's normal business operations in its day to day activities.

Operating Cash Flow (OCF) is computed below:

Projected sales 435,000

(-) Costs                 254,000

(-) Depreciation  35,000

Operating income  146,000

Operating income  146,000

(+) Depreciation  35,000

(-) Taxes                  28,500

Projected operating cash flow $152,500

Hence, Projected operating cash flow is $152,500

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Select all that is false about lien digital

Answers

Answer:

where are the options? give me the picture please

When you are checking out at the grocery store, the machine asks whether you want to pay with your debit card or your credit card. You have both and more than enough money in your bank account to pay the bill. What is a disadvantage of paying with your credit card?


A. The money won't be taken from your bank account immediately.
B. You pay an extra fee to the grocery store if you use your credit card.
C. You will generally have several weeks to pay for what you've just bought.
D. You are running up debt whenever you use your credit card.

Answers

Answer: The most drawback is paying the interest. Which the answer is D

Explanation:  Credit cards tend to charge high interest rates, which can drag you deeper and deeper in debt if you're not careful.

what is your ownership in a stock represented by

Answers

Answer:

A stock (also known as equity) is a security that represents the ownership of a fraction of a corporation. This entitles the owner of the stock to a proportion of the corporation's assets and profits equal to how much stock they own. Units of stock are called "shares."

Stocks are bought and sold predominantly on stock exchanges (though there can be private sales as well) and are the foundation of many individual investors' portfolios. These transactions have to conform to government regulations that are meant to protect investors from fraudulent practices. Historically, they have outperformed most other investments over the long run. These investments can be purchased from most online stockbrokers

Explanation:

hope it helps

why do people form group is forming a group accidental or spontaneous?​

Answers

Spontaneous of course

Mink Corporation purchases new office furniture for $7,200,000 on January 1, 2022. Mink estimates that the furniture has a $400,000 residual value and a useful life of 8 years. Mink uses the straight-line method to record depreciation. Assume that on January 1, 2026, after 4 years, Mink realizes that the machine remaining useful life is 10 years and residual value is $200,000. A depreciation schedule would show ________ depreciation expense for 2026.

Answers

In 2026, the deprecation schedule would show a depreciation expense of $360,000.

What would be the deprecation expense for 2026?

The first step is to determine the accumulated deprecation up until 2026.

Straight line depreciation expense = (Cost of asset - Salvage value) / useful life

($7,200,000 - $400,000) / 8 = $850,000

Accumulated depreciation = $850,000 x 4 = $3,400,000

Book value at the beginning of 2026 = $7,200,000 - $3,400,000 = $3,800,000

Deprecation expense = ($3,800,000 - $200,000) / 10 = $360,000

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Which are examples of a person changing careers? Check all that apply.

a home insurance salesman decides to start selling home warranties instead

a farmer decides to start practicing real estate and selling local land

a biology teacher moves to teach the elective cooking classes for that school year

a factory worker who manufactures linens moves to a new factory that manufactures pencils

a crab fisherman decides to start a business maintaining local boats

Answers

Answer:

A c e

Explanation:

I got it right on the exam

Answer:

Explanation:

Which are examples of a person changing careers? Check all that apply.a home insurance salesman decides to start selling home warranties insteada farmer decides to start practicing real estate and selling local landa biology teacher moves to teach the elective cooking classes for that school yeara factory worker who manufactures linens moves to a new factory that manufactures pencilsa crab fisherman decides to start a business maintaining local boats

How does economics affect your life

Answers

Answer:

Economics affects our daily lives in both obvious and subtle ways. From an individual perspective, economics frames many choices we have to make about work, leisure, consumption and how much to save. Our lives are also influenced by macro-economic trends, such as inflation, interest rates and economic growth.

Explanation:

Please mark at brain least

Lupita enters into a contract with Faith to purchase a used car. At the time they sign the contract, Lupita appears to be very intoxicated. Faith notices this but signs the contract anyway. If Lupita later decides she wants to get out of the contract:

Answers

Given that she was intoxicated at the time that she entered the contract, if she decides to pull out of the contract she  cannot get out of the contract if both of the parties signed it.

What is a contract?

This is an enforceable agreement that is made between two or more parties. For it to be a contract there has to be agreement and the signing of documents.

If Lupita has signed this document then it has to be enforced given that it has become valid.

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Pete's Market is a small local grocery store with only one checkout counter. Assume that shoppers arrive at the checkout lane according to a Poisson probability distribution, with an arrival rate of 18 customers per hour. The checkout service times follow an exponential probability distribution, with a service rate of 20 customers per hour. It is the manager's service goal to limit the waiting time prior to beginning the checkout process to no more than five minutes. After reviewing the waiting line analysis of his store, the manager of Pete's Market wants to consider one of the following alternatives for improving service.

Required:
Hire a second person to bag the groceries while the cash register operator is entering the cost data and collecting money from the customer. With this improved single-server operation, the service rate could be increased to 30 customers per hour.

Answers

Answer:

How did Carter plan to achieve his goals regarding the hostages?

Check all of the boxes that apply.

Convince Iran that the real danger was the Soviet Union, not the United States.

Team up with Iraq to invade Iran.

Get help from other countries to express disapproval of Iran’s actions.

Send many troops in to free the hostages at any cost.

Explanation:

How did Carter plan to achieve his goals regarding the hostages?

Check all of the boxes that apply.

Convince Iran that the real danger was the Soviet Union, not the United States.

Team up with Iraq to invade Iran.

Get help from other countries to express disapproval of Iran’s actions.

Send many troops in to free the hostages at any cost.

The management of cash transactions with customers using cash registers is the responsibility of a cash register operator.

What is a cash register operator?The accurate and timely processing of cash register transactions is the responsibility of the cash register operator. Receiving and documenting consumer transactions, updating the register, and reconciling the register all fall under this category.Customers pay the cashier or checkout operator for the goods or services, and they also generate sales invoices. Additionally, they maintain records and guarantee that every penny is tracked. Work is done in a place of business, like an office or a grocery store.A cashier, also known as a checkout operator, is someone who scans the items the customer wants to buy at the retail store through a cash register.

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Consider a risky portfolio. The end-of-year cash flow derived from the portfolio will be either $80,000 or $200,000, with equal probabilities of 0.5. The alternative riskless investment in T-bills pays 6%.

Required:
a. If you require a risk premium of 9%, how much will you be willing to pay for the portfolio?
b. What is the price you will be willing to pay now?

Answers

Answer:

Required:

a. If you require a risk premium of 9%, how much will you be willing to pay for the portfolio?

b. What is the price you will be willing to pay now?

(all data in real $ bn). Assume a fixed price, open economy model with government. If AEx1440 + 0.62 Y, what is the equilibri
level of Y? (if needed, round to one decimal).
a. 3789.5
b. 2322.6
c. 1447.4
d. 1625.8
e. 3031.6

Answers

Answer:

a.3789.5

Explanation:

hope it helps

stay safe

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